Director Resignation and Appointment
The Company is also pleased to announce the appointment of Finsure co-founder and Managing Director, Mr John Kolenda, as a non-executive Director of Goldfields Money effective immediately.
Goldfields Money continues to work towards satisfaction of the remaining conditions of the proposed merger between the Company and Finsure ("Finsure Transaction"), and will continue to provide updates as progress unfolds.
Appointment of Mr John Kolenda
Mr Kolenda is the co-founder and Managing Director of Finsure, having previously been an executive Director of Loan Market Group, co-founder of X-Inc. Finance, and General Manager - Sales and Distribution at Aussie Home Loans. Mr Kolenda is also the Chairman of the Aura Group, who became a substantial shareholder of the Company in May 2016.
Goldfields Money Chairman, Mr Peter Wallace said:
"We thank Keith for his significant contributions as a Director of Goldfields Money since joining the Board almost two years ago. We wish Keith the best in his future endeavours."
"We are also delighted to have John joining the Board given his practical experience in growing and leading a significant mortgage lending and aggregation business that will complement the skill set of the existing Board. We have been working with John and the Finsure team for nearly two years, and his appointment further strengthens our strategic partnership. Regardless of the proposed merger between Goldfields Money and Finsure, we look forward to working with John in building our lending business as we develop and expand our distribution capabilities."
About Goldfields Money Ltd
Who is Goldfields Money Limited (ASX:GMY)? We're the little bank that could, the plucky regional credit union who grew into a national, straight-talking, digitally savvy alternative to traditional banking in Australia. We are the new approach to banking in Australia, we're honest, with transparent bank practices and a straightforward approach to you and your money. It's all yours, honestly.
We've had some awesome projects come to fruition this year which make managing your money with us simple. We've replaced our core banking system with the latest, state-of-the-art advancements in banking technology. Think of core banking systems as the beating heart of every banking institution. Some core banking systems currently operating out there are now over 30 years old and layered with patches and workarounds as new technology has evolved, such as; online banking, smartphones, and data security. The replacement of our core banking system makes us better than we were before. Better, stronger, faster.
We are listed on the ASX (ASX:GMY) and regulated by APRA. See the official looking logo below? It means depositors enjoy the same protection as the big banks with deposits guaranteed by the Australian Government for up to $250,000 per customer (including business accounts). You can read more about us at www.goldfieldsmoney.com.au
From everyday savings and investment accounts, business accounts, personal loans or home loans Goldfields Money offers uncomplicated banking products to suit your situation. Our promise is "All yours, honestly".
Goldfields Money Ltd